2. www.epicresearch.sgIforex Market Insight Report By Epic Research Singa-
Iforex Market Insight
Date– 25-June
INTERNATIONAL CURRENCY BUZZ
GBP/USD
EUR/USD
The pound rose against the U.S. dollar on Wednesday, as demand for the greenback weak-
ened ahead of a final report on U.S. first quarter growth, due to be released later in the day.
GBP/USD hit 1.5803 during European morning trade, the session high; the pair subsequently
consolidated at 1.5796, gaining 0.42%. The dollar had found support after the U.S. Commerce
Department reported on Tuesday that new home sales jumped by 2.2% to 546,000 units last
month, hitting the highest level since February 2008. A separate report showed that total U.S.
durable goods orders, which include transportation items, declined by 1.8% last month,
while core durable goods orders inched up by 0.5% in May, missing forecasts for an increase of
0.6%. Investors were eyeing an upcoming report on first-quarter U.S. growth due later
Wednesday for further indications on the timing of a rate hike by the Federal Reserve.
The euro pared gains against the dollar on Wednesday as Greek debt negotiations faltered af-
ter Prime Minister Alexis Tsipras said creditors have refused to accept some of Athens’ latest
proposals. EUR/USD was last at 1.1183, off highs of 1.1235 hit earlier in the day. Market senti-
ment was hit after a Greek government official said the Greek prime minister told associates
that some of Greece's latest proposed reform measures had not been accepted by creditors.
The remarks came as Tsipras departed for Brussels to meet with the heads of the European
Commission, the European Central Bank and the International Monetary Fund.
Forex - Euro trims gains as Greece negotiations falter
Forex - NZD/USD pulls away from 5-year lows but gains limited
Forex - Aussie slips lower against stronger greenback
3. Iforex Market Insight
Date– 25-June
www.epicresearch.sgIforex Market Insight Report By Epic Research Singapore
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Thursday, June 25, 2015
11:30 EUR GfK German Consumer Climate (Jul) 10.2 10.2
17:30 RUB Central Bank reserves (USD) 360.6B
18:00 USD Core PCE Price Index (MoM) (May) 0.1% 0.1%
18:00 USD Core PCE Price Index (YoY) (May) 1.2%
18:00 USD Initial Jobless Claims 272K 267K
18:00 USD Personal Spending (MoM) (May) 0.7% 0.0%
18:00 BRL Unemployment Rate (May) 6.6% 6.4%
19:15 USD Services PMI (Jun) 56.7 56.2
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